Mexican Media Brands
Nissan, Mitsubishi Motors Say Their JV Improperly Paid Ghosn $9 Million
Nissan Motor Co. and its Mitsubishi Motors Corp. affiliate confirm that their Dutch joint venture paid Carlos Ghosn, the former chairman of both companies, $9 million without telling them.
#legal
Share
Nissan Motor Co. and its Mitsubishi Motors Corp. affiliate confirm that their Dutch joint venture paid Carlos Ghosn, the former chairman of both companies, $9 million without telling them, The Nikkei reports.
The two carmakers say the JV gave Ghosn the compensation payment without discussing the transaction with the venture’s other two board members: Nissan CEO Hiroto Saikawa and Mitsubishi CEO Osamu Masuko.
Reuters cited a source earlier this week who described the allegedly improper payment and said Nissan might sue Ghosn for damages. Nissan confirmed earlier today it will consider ways to recover the payment. MMC says it will consider how to hold Ghosn responsible, The Nikkei reports.
RELATED CONTENT
-
Tesla Faces Second Autopilot Fatality Lawsuit
Tesla Inc. has been sued for the second time in three months by families of drivers killed in crashes while using the company’s Autopilot semi-self-driving feature.
-
U.S. Justice Dept. Asks VW to Delay Diesel Cheating Report
The U.S. Dept. of Justice has asked Volkswagen AG not to release findings of an independent probe into the German carmaker's diesel emission cheating scandal.
-
Court Ruling Exposes GM to Punitive Damages Over Ignition Switches
A new ruling by the federal judge who presided over General Motors Corp.’s 2009 bankruptcy could expose post-bankruptcy General Motors Co. to a wave of costly punitive damage awards linked to the company’s defective ignition switches.